In response to the amendment of Paragraph 8, Article 267 of the Company Act on June 30, 2011 which permits a public company to issue “employees’ restricted stocks”, the Financial Supervisory Commission promulgated a ruling on January 7, 2013 to make it clear that a director, supervisor, or shareholder holding more than ten percent of the total shares of a company shall report to the authority pursuant to Articles 22-1 and 25 of the Security and Exchange Act if he/she acquires or transfers the employees’ restricted stocks issued by such company.  The same applies to a foreign employee of a company’s overseas branch who holds any of the aforesaid positions and has employees’ restricted stocks distributed to his/her personal account, if any share is allotted or subscribed in connection with the employees’ restricted stocks afterwards.